Carvana Co. CVNA has reinstated an agreement to sell $4 billion of used-car loan receivables to Ally Financial. This yearlong deal follows claims by short-seller Hindenburg Research that Ally was ...

Carvana (CVNA) said in a regulatory filing that on January 3, a subsidiary of the company, Ally Bank, and Ally Financial (ALLY) “amended the Second Amended and Restated Master Purchase and Sale ...

Used car e-commerce platform Carvana (CVNA) renewed its deal with Ally Financial (ALLY), which will allow it to sell up to $4 billion in car loans over the next year. This pushes back against ...

Carvana's balance sheet remains another risk factor to pay attention to. As of Sept. 30, Carvana carried $5.6 billion of long ...

Carvana stock more than tripled in 2024, extending a two-year bull run that's returned 4,000% amid a turnaround effort that has pulled the online used-car retailer from the brink of bankruptcy.

Nevertheless, one needs to dig into Carvana's 10Q (page 15) to find Ally's profit exclusively came from securitizing financial receivables and selling them to its financial partners. One of the ...

Carvana revealed in a filing with the Securities and Exchange Commission on Monday that it amended the second amended and restated master purchase and sale agreement with Ally Financial.